Tuesday, 23 September 2003

ARMENIA-DIASPORA BUSINESS CONFERENCE OPENS

Published in News Digest

By empty (9/23/2003 issue of the CACI Analyst)

Some 900 Armenian businesspeople, 150 of them from the Armenian diaspora, congregated in Yerevan on 22 September for a three-day forum to discuss ways of promoting diaspora investment in the economies of Armenia and the unrecognized Nagorno-Karabakh Republic (NKR), RFE/RL\'s Yerevan bureau reported. Addressing participants, President Kocharian complained that some diaspora businesspeople regard investing in Armenia as \"a heroic sacrifice,\" and demand special privileges from the government. NKR Prime Minister Anushavan Danielian estimated investment in the unrecognized enclave at $35 million.
Some 900 Armenian businesspeople, 150 of them from the Armenian diaspora, congregated in Yerevan on 22 September for a three-day forum to discuss ways of promoting diaspora investment in the economies of Armenia and the unrecognized Nagorno-Karabakh Republic (NKR), RFE/RL\'s Yerevan bureau reported. Addressing participants, President Kocharian complained that some diaspora businesspeople regard investing in Armenia as \"a heroic sacrifice,\" and demand special privileges from the government. NKR Prime Minister Anushavan Danielian estimated investment in the unrecognized enclave at $35 million. He said the economy grew by 40 percent in the first eight months of 2003, which, he continued, creates good prospects for establishing a free economic zone in the town of Shushi, Noyan Tapan reported. (RFE/RL)
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